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Author: CCinOC Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 682379  
Subject: Santelli: We are now Europe Date: 1/30/2013 11:55 AM
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Video at http://newsbusters.org/blogs/noel-sheppard/2013/01/30/rick-s...

"Hey Joe," Santelli said, "when you act like Europe, you get growth rates like Europe, and our discussions with economists sounds like we're in Europe. They have the same discussions constantly."

"They’re always doing the right thing," he continued. "They’re always thinking they know better. And this is the kind of growth. We have become Europe. We are now Europe."

Steve Liesman pushed back, “We reduced federal spending, government spending by 15 percent. Which part of that’s not Europe don’t you get?”

“And why do we need to reduce government spending?” asked Santelli. “Because we run trillion dollar deficits for crying out loud.”


Rick Santelli 2016.
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Author: Colovion Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 669224 of 682379
Subject: Re: Santelli: We are now Europe Date: 1/30/2013 12:41 PM
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Sure... debt reaches 200% of GDP and Liesman is crowing that we've "reduced" spending by 15% (meaning we've reduced the rate of growth by 15%, lol!)

Santelli is right, as usual.

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Author: isawbones Two stars, 250 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 669228 of 682379
Subject: Re: Santelli: We are now Europe Date: 1/30/2013 1:17 PM
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Our ancestors fled Europe, Asia and Africa, risking all to escape the all encompassing, intrusive, high tax governments of the "Old World".

Their children or grandchildren have chosen to bring it over here.

We are lost without change and not the change that B. Obama promised and brought us.

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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 669469 of 682379
Subject: Re: Santelli: We are now Europe Date: 1/31/2013 9:02 AM
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We reduced federal spending, government spending by 15 percent.

This reminds me of a local furniture store ad. "We don't mark it up just to mark it down and call it a sale". Having massive growth of government and then cutting it is really not shrinking the size of government.

JLC

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Author: lowstudent Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 669487 of 682379
Subject: Re: Santelli: We are now Europe Date: 1/31/2013 10:14 AM
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We reduced federal spending, government spending by 15 percent.
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